Renaissance Capital logo

Fortress Investment Group prices at high end of range

February 8, 2007
FIG

Fortress Investment Group, an alternative asset manager that manages private equity funds and hedge funds, priced at $18.50, the high end of its $16.50 to $18.50 range, Thursday afternoon. The deal consisted of 34,286,000 shares. Goldman Sachs and Lehman Brothers were the joint lead managers on the deal. The stock is expected to begin trading on the NYSE Friday morning under the ticker "FIG".